well i don't think that tali's have the knowledge to handle btc. they will lost everything in HYIPs and Ponzis.also lot's of scammers are going to rip the fuck out of their wallets.also they can even mine it.too hot over there for mining and not that much electricity if you consider that many cities over there don't have electricity supply 24 hours a day. also i don't think anyone has this amount of explosives and guns to provide to them using btc. biggest physical black markets still accept fiat.
EDIT: This is a propaganda game made by the governments in order to TAG btc as a terrorist weapon and mute it.
Topic: ISIS-Linked Blog: Bitcoin Can Fund Terrorist Movements Worldwide #bitcoin #ISIS (Read 3708 times)
July 17, 2014, 07:35:27 AM
July 16, 2014, 12:21:34 AM
Most of them can't even read, they don't even know how to sit down on the toilet to shit.
Who are you referring to when you say "they"? I'm not sure I like the direction that this is going in... just saying, I hope we can keep this thread civil and all...
I refer to the locals. Having been deployed to Iraq and currently being in Afghanistan I have seen the biohazard left behind after a local has had access to the facilities. If you can't figure out how to flush a toilet, figuring out Bitcoin might be a bit of a stretch.
As for not being able to read, it is well known that less than 20% of the Afghanis are literate.
July 15, 2014, 07:38:10 PM
I think this may be a bad thing, it will encourage more countries to re-consider the regulation of cryptocurrency, including BTC.
July 15, 2014, 07:34:39 PM
What this article forgets to mention is how terrorists will be able to turn their bitcoin into some kind of fiat that can pay for their terrorist activities and/or how their bitcoin can pay for their terrorist activities.
Bitcoin exchanges are very strict about AML and KYC so even if the ISIS were to get ahold of, say 100 BTC, they couldn't do very much with it.
Bitcoin exchanges are very strict about AML and KYC so even if the ISIS were to get ahold of, say 100 BTC, they couldn't do very much with it.
Sure they could. Pass it through one of the religious organizations taking donations in the US and you have clean, tax free money. Reconvert it to bitcoin and send it to whatever country you want. You'd be surprised how much money flows through these organizations. The most recent incident I can think of was a Muslim organization in Dallas, TX that was raided by the FBI. Christians aren't the only ones that take donations (in the six, seven, and eight figures) to be used for overseas missions. Indians do it. Muslims do it. Even the Asians do it. Massive amounts of funds are exported for religious charitable organizations. 100 bitcoin washed through one of these won't make it on the radar.
What you are describing is how they would launder fiat. They would have no reason to use bitcoin.
July 15, 2014, 09:58:14 AM
The Islamic State of Iraq and Syria (ISIS) has proposed using bitcoin to fund global jihadist efforts.
Sky News reported that a blog post entitled ‘Bitcoin and the Charity of Violent Physical Struggle’ outlines a use case for bitcoin as a vehicle for terrorist financing, noting that its pseudonymous transaction capability fits well within the needs of jihadist organizers. The news site received the article from sources claiming to be members of the Islamic State, the so-called jihadi nation established by the ISIS leadership.
The concept that bitcoin could be used to help fund terrorists has been a long-standing concern among law enforcement and government agencies worldwide. Indeed, many restrictions placed on the use of digital currencies stem from these concerns.
According to the blog post, bitcoin makes it difficult for anti-terrorist financing authorities to stop transactions from taking place. Services such as DarkWallet were specifically cited as methods for making bitcoin payments between terrorists even more untraceable. The blog author noted that bitcoin presents tax evasion benefits as well.
The blog said:
“This system has the potential to revive the lost sunnah of donating to the mujahideen, it is simple, easy, and we ask Allah to hasten its usage for us.”
Notably, the article cites Silk Road as an example of how bitcoin can be used to procure weapons, sell drugs and engage in other illegal activities that support terrorism.
Avoiding detection
Terrorist funders may find bitcoin and other digital currencies attractive owing to the broad supervision and monitoring of the global financial system. Specifically, in the post-9/11 world, many governments actively watch for suspicious money movements.
By using bitcoin, ISIS and other organizations could circumvent legal barriers that keep money away from terrorists. The digital currency’s borderless transaction capabilities and avoidance of major money conduits make it a logical fit for terrorists – and a likely target for law enforcement officials concerned about this exact application.
The blog author wrote that, as a result of anti-terrorism financial restrictions and cooperation between governments on these efforts, jihadist funding has all but dried up. Only the wealthiest supporters are able to contribute by using traditional currencies and payment methods.
However, bitcoin presents a hard-to-trace option for terrorism funding, the ISIS paper continues. As well, block chain-based smart contracts may be used to support jihadist efforts.
The blog post concluded:
“This allows our brothers stuck outside of the ardh Dawlatul-Islam to avoid government taxes [and] secretly fund the mujahideen with no legal danger upon them.”
Call to utilize DarkWallet
For terrorist groups like ISIS, the appeal of bitcoin lies in the ability to mask transactions – or at least hide them amidst the broader movements of the bitcoin network.
The potential use of bitcoin to fund terrorism is being actively investigated by a number of government agencies, including the US Department of Defense.
The article specifically calls for ISIS to use DarkWallet as a platform of funding, saying:
“DarkWallet’s beta release will be published within the next coming months, the mujahideen of Dawlatul Islam would simply need to set up a wallet and post their wallet address online. Then, Muslims from across the globe could simply copy the wallet address, login to their [wallets], purchase whatever amount of bitcoin they wish to send, and send them over.”
CoinDesk reached out to the DarkWallet development team for comment but did not receive an immediate response.
By citing DarkWallet specifically, the blog highlights potential avenues for terrorist financiers to use freely available bitcoin services. Beyond bitcoin, there are several altcoins that present potential applications of transaction anonymizing technology that could be leveraged to fund terrorism.
Source "http://www.coindesk.com/isis-bitcoin-donations-fund-jihadist-movements/"
Sky News reported that a blog post entitled ‘Bitcoin and the Charity of Violent Physical Struggle’ outlines a use case for bitcoin as a vehicle for terrorist financing, noting that its pseudonymous transaction capability fits well within the needs of jihadist organizers. The news site received the article from sources claiming to be members of the Islamic State, the so-called jihadi nation established by the ISIS leadership.
The concept that bitcoin could be used to help fund terrorists has been a long-standing concern among law enforcement and government agencies worldwide. Indeed, many restrictions placed on the use of digital currencies stem from these concerns.
According to the blog post, bitcoin makes it difficult for anti-terrorist financing authorities to stop transactions from taking place. Services such as DarkWallet were specifically cited as methods for making bitcoin payments between terrorists even more untraceable. The blog author noted that bitcoin presents tax evasion benefits as well.
The blog said:
“This system has the potential to revive the lost sunnah of donating to the mujahideen, it is simple, easy, and we ask Allah to hasten its usage for us.”
Notably, the article cites Silk Road as an example of how bitcoin can be used to procure weapons, sell drugs and engage in other illegal activities that support terrorism.
Avoiding detection
Terrorist funders may find bitcoin and other digital currencies attractive owing to the broad supervision and monitoring of the global financial system. Specifically, in the post-9/11 world, many governments actively watch for suspicious money movements.
By using bitcoin, ISIS and other organizations could circumvent legal barriers that keep money away from terrorists. The digital currency’s borderless transaction capabilities and avoidance of major money conduits make it a logical fit for terrorists – and a likely target for law enforcement officials concerned about this exact application.
The blog author wrote that, as a result of anti-terrorism financial restrictions and cooperation between governments on these efforts, jihadist funding has all but dried up. Only the wealthiest supporters are able to contribute by using traditional currencies and payment methods.
However, bitcoin presents a hard-to-trace option for terrorism funding, the ISIS paper continues. As well, block chain-based smart contracts may be used to support jihadist efforts.
The blog post concluded:
“This allows our brothers stuck outside of the ardh Dawlatul-Islam to avoid government taxes [and] secretly fund the mujahideen with no legal danger upon them.”
Call to utilize DarkWallet
For terrorist groups like ISIS, the appeal of bitcoin lies in the ability to mask transactions – or at least hide them amidst the broader movements of the bitcoin network.
The potential use of bitcoin to fund terrorism is being actively investigated by a number of government agencies, including the US Department of Defense.
The article specifically calls for ISIS to use DarkWallet as a platform of funding, saying:
“DarkWallet’s beta release will be published within the next coming months, the mujahideen of Dawlatul Islam would simply need to set up a wallet and post their wallet address online. Then, Muslims from across the globe could simply copy the wallet address, login to their [wallets], purchase whatever amount of bitcoin they wish to send, and send them over.”
CoinDesk reached out to the DarkWallet development team for comment but did not receive an immediate response.
By citing DarkWallet specifically, the blog highlights potential avenues for terrorist financiers to use freely available bitcoin services. Beyond bitcoin, there are several altcoins that present potential applications of transaction anonymizing technology that could be leveraged to fund terrorism.
Source "http://www.coindesk.com/isis-bitcoin-donations-fund-jihadist-movements/"
I cant tell.... will this be good or bad for bitcoin? As in the price going up or down... It means more people *may* buy bitcoin, but not necessarily for good things
July 15, 2014, 09:54:59 AM
Spoken like a true delusional maggot. Irrelevant argument. Bitcoin has been a breeding ground for crime.
Please bless us with some of your wisdom and knowledge some more fellow padawan.
These two are trying to spin this around as if my point of view hasn't been expressed by many member's of the community before.
July 15, 2014, 08:54:21 AM
Spoken like a true delusional maggot. Irrelevant argument. Bitcoin has been a breeding ground for crime.
Please bless us with some of your wisdom and knowledge some more fellow padawan.
July 15, 2014, 06:05:45 AM
Spoken like a true delusional maggot. Irrelevant argument. Bitcoin has been a breeding ground for crime.
July 15, 2014, 05:15:32 AM
I agree this is bad news, but it isn't surprising. Criminal enterprise's have been using bitcoin for a long time now (Selling massive amounts of drugs, etc)
Spoken like a true 16 year old. What is massive to you? No one is selling tonnes of cocaine using Bitcoin, there is more drug money moved through HSBC in two weeks that Bitcoin has moved in its existence.
July 15, 2014, 04:12:03 AM
I agree this is bad news, but it isn't surprising. Criminal enterprise's have been using bitcoin for a long time now (Selling massive amounts of drugs, etc)
July 15, 2014, 03:38:36 AM
Seems to me that this was just one blogger -- "linked" may be laying it on a bit thick. This was no official announcement/endorsement or anything. It's being blown out of proportion.
By the way, which currency is terrorism usually funded with, anyway?
By the way, which currency is terrorism usually funded with, anyway?
It is pretty much a non story. The media likes to sensationalize stuff and especially so when they can hammer away at something that is a threat to the status quo.
More of the same media fud trying to tarnish Bitcoin and relate it to the boogie men(terrorists). Nobody wants to talk about the evidence of the US government funding terrorists with dollars. drugs and gold which I find odd.
July 15, 2014, 02:27:39 AM
This story was void of truth, by a security expert posting on reddit. He says the terminology used, is incorrect and have serious doubts about it validity.
Seems like just another propaganda or fluff story, to create hype around bitcoin. It's a pity. Some people forget fiat is used daily to fund terrorist activities, so why is bitcoin so special?
Why use bitcoin anyways? {It leaves digital bread crumbs to follow, so it's stupid to use a currency, that can and will be traced}
When will people realize, bitcoin is just another currency in digital form, and it is not annonymous.
Seems like just another propaganda or fluff story, to create hype around bitcoin. It's a pity. Some people forget fiat is used daily to fund terrorist activities, so why is bitcoin so special?
Why use bitcoin anyways? {It leaves digital bread crumbs to follow, so it's stupid to use a currency, that can and will be traced}
When will people realize, bitcoin is just another currency in digital form, and it is not annonymous.
July 15, 2014, 01:51:43 AM
I remember reading about Osama having an unencrypted conference via Skype, I don't think that terrorists are nearly sophisticated enough to grasp the concept of Bitcoin however it could become a concern in the future, especially considering the fact that the Quran forbids the use of fractional reserve banking systems, effectively not allowing any muslim to use any modern bank (most muslims do chose to follow their religion in a rather selective manner though).
July 14, 2014, 11:26:12 PM
What this article forgets to mention is how terrorists will be able to turn their bitcoin into some kind of fiat that can pay for their terrorist activities and/or how their bitcoin can pay for their terrorist activities.
Bitcoin exchanges are very strict about AML and KYC so even if the ISIS were to get ahold of, say 100 BTC, they couldn't do very much with it.
Bitcoin exchanges are very strict about AML and KYC so even if the ISIS were to get ahold of, say 100 BTC, they couldn't do very much with it.
Sure they could. Pass it through one of the religious organizations taking donations in the US and you have clean, tax free money. Reconvert it to bitcoin and send it to whatever country you want. You'd be surprised how much money flows through these organizations. The most recent incident I can think of was a Muslim organization in Dallas, TX that was raided by the FBI. Christians aren't the only ones that take donations (in the six, seven, and eight figures) to be used for overseas missions. Indians do it. Muslims do it. Even the Asians do it. Massive amounts of funds are exported for religious charitable organizations. 100 bitcoin washed through one of these won't make it on the radar.
But you can do that now with fiat currency. I don't see how it would be an advantage to any nefarious organizations when converting it on an exchange would create a trail.
July 14, 2014, 10:11:09 PM
Most of them can't even read, they don't even know how to sit down on the toilet to shit.
Who are you referring to when you say "they"? I'm not sure I like the direction that this is going in... just saying, I hope we can keep this thread civil and all...
On this subject, the direction might not be the one he was thinking about, actually not sitting down on the toilet might be better for your health!
http://en.wikipedia.org/wiki/Human_defecation_postures
just saying...
July 14, 2014, 11:09:06 AM
What this article forgets to mention is how terrorists will be able to turn their bitcoin into some kind of fiat that can pay for their terrorist activities and/or how their bitcoin can pay for their terrorist activities.
Bitcoin exchanges are very strict about AML and KYC so even if the ISIS were to get ahold of, say 100 BTC, they couldn't do very much with it.
Bitcoin exchanges are very strict about AML and KYC so even if the ISIS were to get ahold of, say 100 BTC, they couldn't do very much with it.
Sure they could. Pass it through one of the religious organizations taking donations in the US and you have clean, tax free money. Reconvert it to bitcoin and send it to whatever country you want. You'd be surprised how much money flows through these organizations. The most recent incident I can think of was a Muslim organization in Dallas, TX that was raided by the FBI. Christians aren't the only ones that take donations (in the six, seven, and eight figures) to be used for overseas missions. Indians do it. Muslims do it. Even the Asians do it. Massive amounts of funds are exported for religious charitable organizations. 100 bitcoin washed through one of these won't make it on the radar.
July 13, 2014, 08:25:24 PM
What this article forgets to mention is how terrorists will be able to turn their bitcoin into some kind of fiat that can pay for their terrorist activities and/or how their bitcoin can pay for their terrorist activities.
Bitcoin exchanges are very strict about AML and KYC so even if the ISIS were to get ahold of, say 100 BTC, they couldn't do very much with it.
Bitcoin exchanges are very strict about AML and KYC so even if the ISIS were to get ahold of, say 100 BTC, they couldn't do very much with it.
July 13, 2014, 04:46:53 PM
Most of them can't even read, they don't even know how to sit down on the toilet to shit.
Who are you referring to when you say "they"? I'm not sure I like the direction that this is going in... just saying, I hope we can keep this thread civil and all...
July 13, 2014, 04:41:02 PM
Seems to me that this was just one blogger -- "linked" may be laying it on a bit thick. This was no official announcement/endorsement or anything. It's being blown out of proportion.
By the way, which currency is terrorism usually funded with, anyway?
By the way, which currency is terrorism usually funded with, anyway?
It is pretty much a non story. The media likes to sensationalize stuff and especially so when they can hammer away at something that is a threat to the status quo.
July 13, 2014, 04:33:12 PM
Most of them can't even read, they don't even know how to sit down on the toilet to shit.
Just because someone can think of a theoretical way that something can be done, does not mean that it has the real world possibility of being done.
ISIS could use nanotechnology to carry a virus through the air, inject it into your blood stream then duplicate and fly on to the next person!
Just because someone can think of a theoretical way that something can be done, does not mean that it has the real world possibility of being done.
ISIS could use nanotechnology to carry a virus through the air, inject it into your blood stream then duplicate and fly on to the next person!
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